Warren Buffett belongs to Bitcoin . Bitcoin and other virtual currencies have no intrinsic value. In 2018, Buffett described Bitcoin as a square of rat poison. here.
He sees bitcoin and other cryptocurrencies as speculative bubbles. $4.02 billion * $1.4483 = $5,822,166,000: Buffett is not known as an agricultural investor, but he sees value in it.
As a value investor, Buffett invests in undervalued companies, generates stable and regular cash.
Here are three reasons why Buffett doesn't come close. "I don't have any cryptocurrency. "I don't have bitcoins.
Bitcoin and other virtual currencies have no intrinsic value.
The most famous is Buffett's statement that bitcoin is "probably the death sentence for rats." The billionaire investor does not like bitcoin because he considers it inefficient. The news that Buffett invested in a crypto DNA bank did little to promote bitcoin.
In 2021, the bitcoin price has more than quadrupled compared to 2020.
The latest crash of the world's most famous crypto seems to confirm Warren Buffett's dislike for digital assets. Over the years, Buffett has made some very harsh statements about bitcoin, the cryptocurrency. Buffett went so far as to suggest launching his own crypto to demonstrate how easy and invaluable it is.
Buffett believes that bitcoin has no underlying value.
Buffett's supporters know their model will not play in the sandbox or invest in high-flying aircraft. Nubank says it will offer bitcoin after buying investments. Munger doubled down on that mood on Saturday.
Warren Buffett recently said he had no crypto, but Tron co-founder Justin Sun said he had no crypto.
The price dropped to $38,381.68 on February 20, 2022. He has "no individual value." Agriculture and bitcoin do not have much in common.
